Brown Advisory Inc. Has $9.56 Million Holdings in Chase Co. (NYSEAMERICAN:CCF)

Posted by Defense World Staff on Jun 11th, 2023

Brown Advisory Inc. cut its stake in shares of Chase Co. (NYSEAMERICAN:CCF – Get Rating) by 4.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 110,858 shares of the construction company’s stock after selling 5,209 shares during the period. Brown Advisory Inc. owned about 1.17% of Chase worth $9,563,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of CCF. GW&K Investment Management LLC increased its holdings in shares of Chase by 136.5% during the fourth quarter. GW&K Investment Management LLC now owns 90,858 shares of the construction company’s stock worth $7,837,000 after buying an additional 52,441 shares in the last quarter. AltraVue Capital LLC increased its holdings in Chase by 16.1% in the fourth quarter. AltraVue Capital LLC now owns 263,467 shares of the construction company’s stock valued at $22,727,000 after purchasing an additional 36,470 shares during the period. Nuveen Asset Management LLC increased its holdings in Chase by 103.4% in the third quarter. Nuveen Asset Management LLC now owns 59,064 shares of the construction company’s stock valued at $4,936,000 after purchasing an additional 30,029 shares during the period. Gamco Investors INC. ET AL acquired a new stake in Chase in the first quarter valued at $2,505,000. Finally, Systematic Financial Management LP increased its holdings in Chase by 13.9% in the third quarter. Systematic Financial Management LP now owns 207,451 shares of the construction company’s stock valued at $17,337,000 after purchasing an additional 25,282 shares during the period. 69.69% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Chase

In other news, CEO Adam Chase sold 1,500 shares of the stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $109.63, for a total transaction of $164,445.00. Following the transaction, the chief executive officer now owns 189,745 shares of the company’s stock, valued at approximately $20,801,744.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 4,500 shares of company stock valued at $508,695 in the last 90 days. 13.70% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CCF. TheStreet upgraded Chase from a “c+” rating to a “b-” rating in a report on Friday, March 3rd. StockNews.com began coverage on Chase in a report on Thursday, May 18th. They issued a “hold” rating for the company.

Chase Stock Performance

Shares of CCF opened at $123.08 on Friday. The company has a current ratio of 4.82, a quick ratio of 2.77 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $1.17 billion, a P/E ratio of 24.32 and a beta of 0.73. The firm’s fifty day simple moving average is $103.75 and its two-hundred day simple moving average is $95.51. Chase Co. has a 12 month low of $74.36 and a 12 month high of $127.14.

Chase (NYSEAMERICAN:CCF – Get Rating) last issued its quarterly earnings results on Thursday, April 6th. The construction company reported $0.98 EPS for the quarter. The business had revenue of $94.28 million for the quarter. Chase had a net margin of 10.98% and a return on equity of 12.88%.

About Chase

(Get Rating)

Chase Corp. operates as a chemical company, which manufactures materials for high-reliability applications. It operates through the following segments: Adhesives, Sealants and Additives, Industrial Tapes, and Corrosion Protection and Waterproofing. The Adhesives, Sealants, and Additives segment offers innovative and specialized product offerings consisting of both end-use products and intermediates that are used in or integrated into another company’s products.